COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 224 General provisions as to liquidators.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 224

General provisions as to liquidators.

224. The following provisions with respect to the liquidators shall have
effect on a winding-up order being made:

[(a)the court may determine whether any and what security is to be given by a
liquidator on his appointment;

(b)a liquidator shall be described by the style of "the official liquidator"
of the particular company in respect of which he is appointed and not by his
individual name;

(c)where an order has been made for winding up a company subject to
supervision and an order is afterwards made for winding up by the court,
the court may by the last-mentioned or by any subsequent order appoint any
person who is then liquidator, either provisionally or permanently, and either
with or without any other person, to be liquidator in the winding up by
the court;]

(d)a liquidator appointed by the court may resign or, on cause shown, be
removed by the court;

(e)a person [other than the Official Assignee] appointed liquidator shall
receive such salary or remuneration by way of percentage or otherwise as
the court may direct, and, if more such persons than one are appointed
liquidators, their remuneration shall be distributed among them in such
proportions as the court directs;

(f)a vacancy in the office of a liquidator appointed by the court shall be
filled by the court;

(g)if more than one liquidator is appointed by the court, the court shall
declare whether any act by [this Act] required or authorised to be done by
the liquidator is to be done by all or any one or more of the persons
appointed;

(h)subject to section three hundred and one, the acts of a liquidator shall be
valid notwithstanding any defects that may afterwards be discovered in his
appointment or qualification.

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 224